Kraken announced that it will unstake all digital assets of its US users with immediate effect and agreed to pay the $30 million fine.
Brian Armstrong urged the SEC not to take the route of regulation through enforcement which could lead to businesses moving out of the US.
People familiar with the matter stated that the SEC is scrutinizing the tokens and other crypto product offerings by Kraken.
The BoE said that the Digital Pound CBDC will have programmability features and will co-exist with private stablecoins in the market.
Crypto exchange Gemini said that it will be contributing $100 million more for Earn product users as part of the restructuring plan.
Jerome Powell’s speech will be the most closely watched events as analysts caution about the rising chances of US recession.
Billionaire Investors Charlie Munger Calls Crypto Evil, Advises Everyone to Avoid It
Bitcoin and altcoins cheered the first rate hike of 2023 by the Fed which was on the expected lines.
The UK Treasury seeks to protect retail investors interests and treat crypto institutions similar to traditional financial firms.
Twitter is applying for licenses to incorporate payment structure designed in a way that can accommodate crypto in the future.